A Bank That Fails to Carry Out a Payment Order

question 2

Multiple Choice

A bank that fails to carry out a payment order is usually liable for:

• A) interest loss and expenses.
• B) loss sustained by the originator.
• C) consequential damages because the payment was not made.
• D) all of the above.

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Definitions:

First Use

The initial occurrence or application of something, such as a term, invention, or procedure.

General Writing

A broad category of writing that encompasses various forms, including literary compositions, correspondences, reports, and everyday text, not confined to specialized or technical contexts.

Airline Limit

A predefined restriction set by airlines on various aspects such as baggage allowance, ticket changes, or seat availability.

Companys

Pertaining to a business entity or firm, typically involving its ownership, operations, or assets.